{
  "id": 16717930,
  "title": "Ecosystem Roundup: Bukalapak stays in the black as gaming carries the load",
  "url": "https://urgent.news/2026/10/27/ecosystem-roundup-bukalapak-stays-in-the-black-as-gaming-carries-the",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-27T06:00:05.000Z",
  "source": {
    "name": "e27",
    "slug": "e27",
    "url": "https://e27.co/ecosystem-roundup-bukalapak-stays-in-the-black-as-gaming-carries-the-load-20261027/"
  },
  "original_language": "en",
  "account": "Bukalapak maintained its profit streak for the third quarter of 2026, reporting a positive adjusted EBITDA of US$55,088 after a loss of about US$991,000 the previous year. Over nine months, adjusted EBITDA reached roughly US$606,000, compared to a US$2.9 million loss in the same period last year. Quarterly revenue remained flat at around US$88 million, while nine-month revenue increased by 19% to approximately US$308 million. Gaming now drives revenue, with Itemku and Lapakgaming generating about US$77 million in quarterly revenue and a 27% increase in nine-month gaming revenue due to international expansion. This growth comes with an increased selling and marketing spend of about US$3.9 million, up 45% year on year. Mitra Bukalapak, the MSME unit, saw a 21% drop in nine-month revenue as it moved to a third-party model, but its margins improved. BMoney, the investment arm, saw a 34% rise in quarterly revenue. With about US$925 million in cash and liquid investments, Bukalapak has plenty of room for maneuvering. However, the main question remains whether a company once positioned as Indonesia's e-commerce champion can build a sustainable business on gaming top-ups instead of the marketplace that originally made its name.",
  "summary": "Bukalapak has kept its profit streak alive, though only just. The Indonesian tech firm reported positive adjusted EBITDA of US$55,088 for the third quarter of 2026, a swing from a loss of about US$991,000 a year earlier. Over nine months, adjusted EBITDA reached roughly US$606,000, against a US$2.9 million loss in the same period of 2025. […] The post Ecosystem Roundup: Bukalapak stays in the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}